Truist Securities Initiates Coverage of Ally Financial (LSE:0HD0) with Buy Recommendation

Fintel reports that on January 7, 2025, Truist Securities initiated coverage of Ally Financial (LSE:0HD0) with a Buy recommendation.

Analyst Price Forecast Suggests 15.60% Upside

As of December 23, 2024, the average one-year price target for Ally Financial is 42.12 GBX/share. The forecasts range from a low of 32.55 GBX to a high of 59.21 GBX. The average price target represents an increase of 15.60% from its latest reported closing price of 36.44 GBX / share.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Ally Financial is 10,209MM, an increase of 50.93%. The projected annual non-GAAP EPS is 6.66.

What is the Fund Sentiment?

There are 1,151 funds or institutions reporting positions in Ally Financial. This is an increase of 45 owner(s) or 4.07% in the last quarter. Average portfolio weight of all funds dedicated to 0HD0 is 0.20%, an increase of 14.06%. Total shares owned by institutions increased in the last three months by 0.60% to 333,460K shares.

What are Other Shareholders Doing?

GB:0HD0 / Ally Financial Inc. Shares Held by Institutions

Berkshire Hathaway holds 29,000K shares representing 9.52% ownership of the company. No change in the last quarter.

Harris Associates L P holds 21,750K shares representing 7.14% ownership of the company. In its prior filing, the firm reported owning 20,650K shares , representing an increase of 5.05%. The firm decreased its portfolio allocation in 0HD0 by 28.43% over the last quarter.

OAKMX - Oakmark Fund Investor Class holds 11,959K shares representing 3.92% ownership of the company. No change in the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,660K shares representing 2.84% ownership of the company. In its prior filing, the firm reported owning 8,645K shares , representing an increase of 0.16%. The firm decreased its portfolio allocation in 0HD0 by 15.60% over the last quarter.

IJH - iShares Core S&P Mid-Cap ETF holds 8,572K shares representing 2.81% ownership of the company. In its prior filing, the firm reported owning 8,510K shares , representing an increase of 0.73%. The firm decreased its portfolio allocation in 0HD0 by 17.46% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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